YieldBoost Barnes Group To 16.7% Using Options
October 03, 2024 at 13:39 PM EDT
Shareholders of Barnes Group Inc. (B) looking to boost their income beyond the stock's 1.6% annualized dividend yield can sell the March 2025 covered call at the $42.50 strike and collect the premium based on the $2.75 bid, which annualizes to an additional 15.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 16.7% annualized rate in the scenario where the stock is not called away..